|By PR Newswire||
|March 20, 2014 02:15 PM EDT||
DALLAS, March 20, 2014 /PRNewswire-iReach/ -- Tires are an integral component of vehicles and are manufactured using raw materials such as natural rubber, nylon tire cord fabric, and carbon black. Rubber chemicals and synthetic rubber, including styrene-butadiene rubber and poly-butadiene rubber, are also used in manufacturing tires. Specialty tires are used in aircraft, two-wheelers, agricultural equipment, and in various off-road vehicles and equipment for mining, construction, and earthmoving activities. The demand for these tires is increasing significantly mainly because of the improving conditions in developing economies, which is increasing purchasing power.
The analysts forecast the Global Specialty Tire market will grow at a CAGR of 4.6 percent over the period 2013-2018.
Covered in this Report
The Global Specialty Tire market can be divided into four segments: Agricultural Tires, Two-wheeler Tires, Aircraft Tires, and Off-road Tires.
The Global Specialty Tire Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Specialty Tire market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Purchase a Copy of the Report @ http://www.sandlerresearch.org/purchase?rname=15828.
- Bridgestone Corp.
- Compagnie Générale des établissements Michelin SCA
- Continental AG
- The Goodyear Tire and Rubber Co.
Other Prominent Vendors
- Alliance Tire Group
- Apollo Tires Ltd.
- Balkrishna Industries Ltd.
- Carlisle Companies Incorp.
- Ceat Ltd.
- Cheng-Shin Rubber Industries Co. Ltd.
- Cooper Tire and Rubber Co.
- HangZhou ZhongCe Rubber Co. Ltd.
- Hankook Tire Co. Ltd.
- Harvest King Tires
- McCreary Tire and Rubber Co.
- MRF Ltd.
- Pirelli and C. SpA
- Sumitomo Rubber Industries Ltd.
- Titan International Inc.
- Trelleborg Wheel Systems S.p.A.
- Yokohama Rubber Co. Ltd.
Key Market Driver
- Growing Demand for Two-wheelers in Developing Economies.
- For a full, detailed list, view our report.
Key Market Challenge
- Rising Raw Material Prices.
- For a full, detailed list, view our report.
Key Market Trend
- Increasing Demand from BRIC.
- For a full, detailed list, view our report.
Other Related Reports on Tire Market:
Global Agriculture Tire Market 2014-2018: Analysts forecast the Global Agriculture Tire market to grow at a CAGR of 4.8 percent over the period 2013-2018. One of the key factors contributing to this market growth is the need for enhanced productivity. The Global Agriculture Tire market has also been witnessing the increased use of large-volume tires. However, the high dependency on weather conditions could pose a challenge to the growth of this market.
Key vendors dominating this space are Balkrishna Industries Ltd., Bridgestone Corp., and Titan International Corp.
Other vendors mentioned in the report are Alliance Tire Group, Carlisle Companies Incorp., Compagnie Generale des Etablissements Michelin SCA, Harvest King Tires, McCreary Tire and Rubber Co., and Trelleborg Wheel Systems S.p.A.
Global Aircraft Tire Market 2014-2018: Analysts forecast the Global Aircraft Tire market to grow at a CAGR of 3.10 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in global air traffic. The Global Aircraft Tire market has also been witnessing the emerging concept of intelligent tires. However, the high bargaining power of OEMs could pose a challenge to the growth of this market.
Key vendors dominating this space are Bridgestone Corp., Compagnie Generale des Etablissements Michelin, and The Goodyear Tire and Rubber Co.
Global Off-highway Tire Market 2014-2018: One of the key factors contributing to this market growth is the growing Global Heavy Construction Equipment market. The Global Off-highway Tire market has also been witnessing the increasing demand for off-highway tires from BRIC countries. However, the increase in the raw material prices could pose a challenge to the growth of this market.
The key vendors dominating this market space are Bridgestone Corp., Compagnie Generale des Etablissements Michelin SCA, Continental AG, and The Goodyear Tire and Rubber Co.
Other vendors mentioned in the report are Balkrishna Industries Ltd., Cooper Tire and Rubber Co., Titan International Inc., and Yokohama Rubber Co. Ltd.
Two-wheeler Tire Market in Indonesia 2014-2018: Analysts forecast the Two-wheeler Tire market in Indonesia to grow at a CAGR of 17.98 percent over the period 2013-2018. One of the key factors contributing to this market growth is the strong demand for two-wheelers. The Two-wheeler Tire market in Indonesia has also been witnessing the growing demand for replacement tires. However, the infrastructure-related issues could pose a challenge to the growth of this market.
Key vendors dominating this space include PT Gajah Tunggal Tbk, PT Industri Karet Deli, PT Sumi Rubber Indonesia, and PT Suryaraya Rubberindo Industries.
Other vendors mentioned in the report are PT Bategng Pratama, PT Elang Perdana Tyre Industry, PT Hung A Indonesia, PT Multistrada Arah Sarana Tbk, PT Surabaya Kencana Tyre Industry, and PT United King-land Company Ltd.
Explore other more reports on Tire Market.
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